Rates & Charges - The Association of Banks in Singapore
The prime rate is the lowest lending rate which a bank is prepared to lend in Singapore Dollars to its best customers on an overdraft or demand basis. A floating rate is one which is not fixed, and is pegged to an index rate, e.g. Prime + 1%, and "floats" according to the movements in the index rate.
DA: 65 PA: 70 MOZ Rank: 75